Mesa East Homes for Sale List
Mesa East Homes for Sale Currently Active
Mesa East Homes for Sale are located in our Arizona Homes for Sale search area. Search yourself or call an Arizona real estate agent at RCP. You can e-mail or call us for showings on any property.
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What kind of real estate are you looking for? Arizona foreclosures?
Arizona Foreclosures, Short Sale, Bank Owned, and Creative Financing
Arizona foreclosures are some of the best in the country. RCP professional real estate agents are proficient in all types of Arizona foreclosures. Gone were the days of Arizona foreclosures listings that were run down and in need of serious repairs. Now those days appear to be back. The banks realized that by doing a little touch up work and minor (sometimes major) repairs that they would actually get a return on that investment. This is not always the case because as the supply and demand changes, so do the tactics. When the housing inventory is limited repairs don’t return as much and property owners and banks will opt to just sell the property as is. Then when the inventory increases owners must make some updates to stay competitive and get their house sold. Call us at RCP for a current market update to see where we are at in terms of supply and demand. This is often referred to as a buyer or seller’s market.
Should you buy Arizona short sales?
What should you know about Arizona short sales?
If you are looking to buy a home or an investment property in Arizona, where do you start? First of all, you need to identify what type of property you want. If you decide on a single family home versus a four-plex, then your next step is to decide what type of sellers do you want to deal with. Here are a few different types of sellers.
1. Regular seller- just a normal scenario home owner who wishes to sell his/her house and hires a Realtor.
2. Arizona Foreclosure Sale (Trustee sale)- These are banks auctioning off foreclosed properties to the highest bidder.
3. Arizona REO properties- These are properties that did not sell at the auction and the bank then hires a Realtor to sell the home.
4. Arizona Short Sales– These are home owners that want to sell, but they owe more than the house will sell for. They need the banks okay to sell at this low amount.
If you decide you want to pursue a short sale option, there are a few items you will want to know.
A. The short sale process takes a while to complete–typically 3-6 months.
B. A few months into the process the bank could reject the purchase price.
C. The values could change during this process.
D. The asking price is arbitrary unless it is approved.
If you are a person who can wait and are flexible on price, these Arizona short sales may work for you. Otherwise, RCP can help you filter out Arizona short sales in your homes for sale search. Arizona short sales can be tricky. Let us explain in detail all about Arizona short sales! Call us at RCP.
Buying Mesa Foreclosures
Mesa is a huge city and there are plenty of Mesa foreclosures waiting to be bought. Mesa foreclosures sell daily at the Maricopa county auction. If you are looking to buy Mesa foreclosures, then you have a few things to consider.
Unlike areas like Queen Creek or San Tan Valley, which are comprised mostly of relatively new homes, Mesa has been around for a while, being comprised of a much older median house age. Why does this matter when buying Mesa foreclosures? There are a few less things to worry about in a new house than an older one. With Mesa foreclosures, you can’t always see the interior. This can be more risky to buy than an unseen house that is newer. With the newer houses, you can assume that it is up to code and if it is in a subdivision, you can further assume that similar construction techniques and exterior facades are similar. With an older non-tract house, there are many unknowns. So when it comes to buying Mesa foreclosures, just be aware and know your risk. To lower your risk, buy newer tract homes in good neighborhoods. For more risk and maybe a little more reward, go for the fixer-uppers. Mesa foreclosures can be very profitable. To further explore your options, call us today.